Company Press Release: Cendant Corporation
NEW YORK, Feb. 14 /PRNewswire/ -- Cendant Corporation (NYSE: CD) announced today that it has filed a registration
statement with the Securities and Exchange Commission relating to the initial public offering of Move.com Group
tracking stock.
The shares will be offered through a syndicate led by Goldman, Sachs & Co.
Move.com Group operates a popular network of web sites that offer a wide selection of quality relocation, real
estate and home-related products and services. Move.com Group seeks to improve the often stressful and demanding
moving experience by providing a one source, ``friend-in-need'' solution before, during and after the move.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission
but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the
time the registration statement becomes effective. This announcement shall not constitute an offer to sell, or
the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such
offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws
of any such State.
Cendant Corporation is a global provider of real estate, travel and direct marketing related consumer and business
services. The Company's core competencies include building franchise systems, providing outsourcing solutions and
direct marketing. As a franchiser, Cendant is among the world's leading franchisers of real estate brokerage offices,
hotels, rental car agencies, and tax preparation services. The Company's real estate-related operations also includes
Move.com, Cendant's residential real estate services portal on the Internet. As a provider of outsourcing solutions,
Cendant is a major provider of mortgage services to consumers, the global leader in employee relocation, and the
world's largest vacation exchange service. In direct marketing, Cendant provides access to insurance, travel, shopping,
auto, and other services primarily to customers of its affinity partners. Other business units include NCP, the
UK's largest private car park operator, and WizCom, an information technology services provider. Headquartered
in New York, NY, the Company has approximately 30,000 employees and operates in over 100 countries.
More information about Cendant, its companies, brands and current SEC filings may be obtained by visiting the Company's
Web site at http://www.Cendant.com or by calling 1-877-4INFO-CD (877-446-3623).
SOURCE: Cendant Corporation